SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 2B - REGISTRABLE SUPERANNUATION ENTITIES  

Division 5 - RSE licensees must provide information about registrable superannuation entities  

Subdivision A - Annual members ' meetings  

SECTION 29PD   OBLIGATION ON AUDITOR TO ANSWER QUESTIONS  

29PD(1)  
This section applies if a member of a registrable superannuation entity asks a person who has been an auditor of the registrable superannuation entity for a year of income of the entity a question at an annual members ' meeting for the entity for the year.

29PD(2)  
The auditor must answer the question at the meeting or, if it is not reasonably practicable to do so, within 1 month after the meeting.

Penalty: 50 penalty units.

29PD(3)  
Subsection (2) does not apply:


(a) if the question is not relevant to:


(i) an action, or failure to act, by the RSE licensee in relation to the registrable superannuation entity or one or more members of the registrable superannuation entity; or

(ii) the registrable superannuation entity; or

(iii) an audit of the registrable superannuation entity carried out by the auditor; or

(iv) any matter that might reasonably be expected to be apparent to the auditor of the entity in relation to the entity; or


(b) if it would be in breach of the governing rules of the registrable superannuation entity, this Act or any other law to answer the question; or


(c) if answering the question would result in detriment to the members of the registrable superannuation entity, taken as a whole; or


(d) in any other circumstances prescribed by the regulations.




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